Walgreens, COVID-19

Walgreens ordered to pay $987 million in COVID-19 test contract case
Retail pharmacy giant Walgreen Co must pay more than $987 million to satisfy an arbitration award won by telemedicine provider PWNHealth, a federal judge in Delaware ruled on Monday.
Walgreens ordered to pay nearly $1B to virtual care provider in COVID-19 test contract case
Walgreens must pay more than $987 million as part of an arbitration award won by a virtual care company, a federal judge ruled Monday. | Walgreens said it is closely evaluating its legal rights and options to challenge both the award and the amount of damages on appeal.
Walgreens must pay $987 million arbitration award to virtual care company, judge rules
Walgreen Co. must pay a $987 million arbitration award to a company it contracted with to help order COVID-19 tests for patients, a federal judge ruled Monday. At the beginning of the COVID-19 pandemic,
Walgreens must pay $988M arbitration award, federal judge rules
Walgreens (WBA) faces a $988M penalty after a court ruling in its legal battle with PWNHealth over an alleged contract breach. Read more here.
Judge orders Walgreens to pay nearly $1 billion in COVID test case
In 2024, the arbitrator issued a $988 million award to PWNHealth. Walgreens disputed the alleged claims and the amount of the award because it was in “contravention of a contractual cap on damages in the agreement, which limits damages to $79 million,” Walgreens said in a filing with the U.S. Securities & Exchange Commission.
Walgreens ordered to pay $987M in COVID-19 testing dispute
At the beginning of the COVID-19 pandemic, Walgreens partnered with PWNHealth to facilitate physician-ordered COVID-19 tests for customers. However, when regulations shifted, Walgreens allegedly began to use its own pharmacists to order tests through the same system without consulting with PWNHealth,

Walgreens to permanently close 5 LA-area stores

Walgreens’ VillageMD Taps Advisers as Backer Pursues Exit Plan
VillageMD, the health care clinic chain backed by Walgreens Boots Alliance Inc., is working with Evercore Inc. for assistance ...
Why Walgreens' Dividend Suspension Shouldn't Come as a Surprise to Investors
Walgreens Boots Alliance (NASDAQ: WBA) faces an uncertain path ahead. Its financials haven't been strong in recent years, and ...
Former Walgreens CEO makes donation, creates scholarship at Morehouse College
Morehouse College announced it has received a $5 million donation from retired Walgreens CEO L. Daniel Jorndt. The funding ...
To Pay Down Debt, Walgreens Sells More Cencora Shares For $300 Million
Walgreens has sold more shares of drug distributor Cencora for proceeds of about $300 million in the latest effort to pay ...
Walgreens Boots Alliance: Larger Structural Problems Remain
Walgreens-Boots Alliance struggles with margin compression, competition, and financial risks. Learn why these challenges make ...
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Walgreens is shutting Central Square location March 27, with its shelves going empty quickly
The Walgreens in Cambridge’s Central Square is one of 1,200 the chain is closing nationwide. Signs posted at the store ...
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Albany Police arrest man connected to armed robberies at Walgreens, Happy Liquors
A man was arrested in connection to an armed robbery at Walgreens and Happy Liquors on Feb. 10. Around 8 p.m., officers ...
Walgreens Boots Alliance Inc. stock underperforms Monday when compared to competitors
Walgreens Boots Alliance Inc. closed 56.58% short of its 52-week high of $22.96, which the company reached on February 12th.